Time Warner (NYSE:TWX) Call-Option Trades Soar as Stock

Since November 30 shares of Time Warner (NYSE:TWX) moving up quickly, generating interest from traders who have been buying call-options in large quantities, the most since May for the entertainment giant.

As of a little after noon today, there were just under 47,000 calls to acquire the stock. Calls offer a trader the right to buy 100 shares of a security for a chosen figure, the strike price, by a specific date.

February $34 calls, the most-active contracts, accounted for close to 80 percent of options traded on the stock so far today.

Since November 30, the share price of Time Warner has risen 13 percent.

Time Warner was trading at $33.34, gaining $0.17, or 0.51 percent, as of 2:08 PM EST.